The order is expected to come out tomorrow, Tuesday.
With a focus on oil companies increasing hydrocarbon production, the Government is preparing to make access to dollars more flexible for oil companies through a decree. On Friday and weekend, there were meetings between officials from the Ministry of Economy and the Secretary of Energy along with representatives of the companies.where the fine print of the decree was reported.
The law will bear the signature of President Alberto Fernández and create a special exchange regime to promote investment in oil and gas, according to the EconoJournal portal.
Earlier this month, Economy Minister Martín Guzmán hinted at what was to come.
“If we want to have new development in this sector, it is very important to have capital of scale. and it requires the completion of domestic capital with foreign capital, because it is not enough ”, said Guzmán when speaking to entrepreneurs at a luncheon organized by the Inter-American Council of Commerce and Production.
In this sense, the minister kept it “It’s important to adapt some rules of the game, some regulations, to facilitate significant increase in investment ”in the energy sector.
“We have been working for the last few weeks on an adaptation of the regulations of capital specifically for the energy sector to be passed by a presidential decree, ”Guzmán said.
The main idea of the mandate is that access to dollars will be ensured for hydrocarbon producers increasing their gas and oil supply. In the Executive Branch there will be a rush to move forward immediately with the signing of the assignment. According to the versions, it can be published tomorrow.
Officials also held meetings with authorities from the oil provinces affiliated with OFEPHI and with major oil industry associations.
It remained to specify this weekend the percentage of increased oil and gas production on which foreign exchange is freely accessible.
Source: Clarin
